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for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they have, what's the very first thing they do? they raise taxes! yet they say in this case, raising taxes is not going to affect econo
on "the willis report." a new federal tax policy with the push to make marijuana legal and tax it. obama proposes to delay automatic spending cuts after he blows another budget deadline. and proved that leaders just want more power. not more power to the people. we are on the case. >> that and more coming up, but first the top story story, efforts building in washington to change change, rewrite, remake current marijuana laws including legalizing industrial production and have the federal pot tax. lawmakers quietly working on the bills one was introduced today one from oregon one from colorado calling for the end of federal pot prohibition. when next guest founder and executive director of the drug policy alliance, ethan? >> it is like the repeal of alcohol prohibition. the public says it does not work and is not effective and it cost tens of billions of tax dollars come lead diverts resources and funding organized crime in mexico it is better to have a regulatory policy with state governments controlled with federal government has a modicum of control. gerri: day you agree? >> a column
perceptions of the sales tax or consumption taxes it will be easy to a minister. there is a role for the tax collector, and if you look at any state law you will see the car phone of exemptions, and they are as complex as some of those tax preferences we have in our code. discipline will be required on a consumption tax just as it would for an income-tax. ♪ a little bit. and that is the nature of accounting systems and how they influenced the development of tax policy. if i go all the way back to the history of conversion from a tariff to an income tax, what really makes this possible is the growth of the modern corporation or the modern business because they develop the accounting system, keep track of who has wages and for them to operate efficiently and need to keep track of it. that is the financial accounting that acquires them to keep track of income, and the government that is able to latch on to these accounting systems and really rely upon them to enforce code. in truth it is the large business, large charity, larger organization that is the main instrument for impleme
gerri willis. tonight on "the willis report." a new federal tax policy. the latest push in congress to make marijuana legal and tax it. president obama proposes a short-term fix to delay automatic spending cuts one day after he blows another budget deadline. and the shocking proof union leaders just want more power, not power to the people. "the willis report" is on the case. all that and more coming up later, but first, the top story tonight, building in washington can change, totally remake current marijuana laws. including legalizing industrial production as well as establishing a federal pot tax. lawmakers on both sides of the aisle worked away on these bills, one of which introduced just today by two democratic congressman. both of them calling for an end to federal pot prohibition. will it work? joining us now, drug policy visor and founder and executive director of the drug policy alliance. starting with you. melissa: it is a lot like the appeal of alcohol probation. if it doesn't work, it is not effective and they say it is costing tens of billions of dollars every year, div
tax dodgers. >> corporations are people, my friend. >> the senator unveils his new bill here tonight. >>> plus, someone actually made the paul harvey farmer ad better. >>> and governor chris christie wants everyone to shut up about his weight. >> shut up. >> tonight, reverend al sharpton is here to give the governor some tips on becoming the biggest loser. >>> good to have you with us tonight, folks. thanks for watching. the confirmation hearings of cia director nominee john brennan got off to a rocky start today. human rights protesters from the activist group code pink interrupted the hearings before they even started. john brennan is the architect of the obama administration's drone warfare program, which includes targeted killings. once the hearing got under way, there was another disruption. the protester was escorted out. then there was another. same thing. seconds later there was another. and then another. finally, chairwoman senator dianne feinstein broke up the proceedings. >> we're going to halt the hearing. i'm going to ask that the room be cleared and that the code pink a
is expected to ask congress to agree to a package of short term spending cuts and tax reforms off the pending sequester cuts. he will come to the cameras at 1:15 eastern. you will see that online at c-span.org. more talk about the budget a little bit later today as the head of the congressional budget office, douglas elmendorf will talk about the release of the annual budget and economic outlook. that will be live from cbo headquarters at 2:00 p.m. eastern. we'll have it here on c-span2. also congressman patrick meehan and other house democrats will brief reporters on legislation to combat gun trafficking. that will be live at 2:00 p.m. eastern on our companion network, c-span3. >> the single thing that coolidge did that we want to remember, when he left office, the budget was lower than when he came in. that's the story for us now in a period where we're concerned, well, how did he do that? the economy grew a lot. maybe more than 3% sometimes. unemployment was below 5% the budget was balanced due to his own parsimony. how did i manage to make the budget go lower? how did that help the econom
scheduled to begin march 1. it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong. and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress. the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep,
's new regulations or his tax increases and therefore it is all the more difficult for them to expand their businesses and create jobs in america. to add to the uncertainty, the president's proposed sequestration is set to take effect this march. despite his promise, his promise to the american people that it would never actually happen, the president has yet to take any steps to undo this harmful measure. he has shown absolute indifference to the millions of americans whose livelihoods will be severely impacted by his sequestration. house republicans have twice passed legislation to replace the president's sequester with commonsense reforms that will reduce spending, preserve and strengthen our safety net for generations and preserve our national defense. this week the house will pass a budget but it will be a responsible budget that will balance. one that will aim to grow the economy, drive down unemployment, expand opportunity and prosperity for the private sector and ensure that america maintains its leading role in the world as a strong national defender. americans can do this. w
in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re
. ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> we're hoping your saturday is off to a great start. before you make your breakfast, listen to this. ingredients and food we just love are banned in other countries because of how dangerous they are for our bodies. >> yeah. so what are we going to do about this. ask the authors of rich food, poor food dr. jason and certified mirra. >> good morning. the first thing you talk about is counterfeit colors. because there is artificial color in just about everything. >> absolutely. five of them that a
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
for business.com. and see why our low taxes, sensible regulations, and fair legal system are just the thing to get your business moving. >> bill: that ad is running in most large california cities and of course is very controversial. joining us now from fort worth, texas. brook rollins. promotes free enterprise in that state from. san francisco, chief legal officer at virtual fan network and digital media company. joe, we begin with you. this is -- they are trying to poach business from your state, take them out and they have the stats to back it up, joe. >> well, i don't know about that i mean, california created more jobs last year than texas, oregon, and west virginia combined. but, i do want to thank the governor for spending his $24,000 here in california. my personal opinion it probably would have been better spent with the boys to men campaign. the reality is california is never going to compete with texas on oil production and natural gas production. the same way texas is not going to be able to compete with california, northern california with entrepreneurialism and culture innovat
religious institutions ought not to be tax-exempt and get all the tax breaks that they do. they are using their tax breaks to hire lawyers that are costing the taxpayers even more money to basically just have a normal secular society. this issue of birth control, the rest of the world is laughing at us that we are even controverting over it. it should not even be an issue on the table. again, the tax-exempt status for religious institutions, i do not know if there are organizations that are trying to repeal this tax-exempt status, but i never really heard of a program on c- span about it, but these organizations, these religious institutions -- it is the tax breaks they get. host: nick from fairview, tennessee. on the independent line. caller: this is a ploy. socialists like the kennedys and obama, they will vilify -- if they cannot get it right, kruschev said, we will take two steps forward, and one step backward. we no longer live under a constitutional republic. liberals claim that it is a religious group that is against them. the state has become the major religion in this country. th
for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if
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, or a suggestion that we need to impose a carbon tax, because that is designed to increase the costs. in my state of alaska, in a community like [indiscernible] a you come community on the river, they pay $6.90 for their diesel. that is how they heat their homes. when you suggest to them that the best thing to do is increase the price to decrease consumption, i do not know what the temperature is there this morning, but last week in the interior temperatures range between 45 degrees below zero and 50 degrees below zero. i cannot go back to alaska and tell people that the way that we tackle this is to increase your prices, demanding you to use less and limit your choices. that is not what a strong nation does. what a strong nation does is figure out how we advanced to the next stage, how we build out these clean technologies and diverse technologies that will allow us to do your choices. more and do it in a clean and environmentally responsible way. raising our energy costs, imposing the mandates, other heavy handed ideas but are out there for reducing greenhouse gas emissions, they will not pass.
government spending and way too high taxes and if we would just cut that spending and we would have that big recovery, if that is your theory, and it is pretty much the major theory of the political party this week, then you had a bad week. we got two pieces of bad news, one was bad, one good. one was the economy shrunk in the first quarter of 2012. that is the bad news, the other is that the economy added 157,000 jobs in january. but, and this is actually even more important, it added 127,000 more jobs than we thought in november and december. so altogether, today's jobs report added more than 280,000 jobs. 280,000 to the economy. that is pretty good. but it was what those reports said about the debate we are having in washington that was really interesting. when we measure economic growth, we're not measuring all that many things. it is only four main things, at least in category, there is consumer spending, what you and i buy. there is investment, so factoring in getting a new machine, that was very slightly down. there is trade, the stuff we export, minus the stuff we import. that is a b
. but coming up with a limited package of spending cuts and tax reforms. nearly $1 trillion of domestic and defense spending hanging in the balance, the president said the impact is already being felt. >> we've also seen the effects of political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already strt r staart affect business decisions. so while it's critical to cut wasteful spending, we can't just cut our way to prosperity. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together or eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> house speaker john boehner responded with a statement reading "republicans have twice voted replace these arbitrary cuts with common-sense cuts and reforms that protect our national defense. we
the taxes have been taken out of the front end. truthfully we need much by research to the question. >> i would agree with that. senator enzi, we haven't done extensive research. we see powerful resource with the roth ira and the roth plan for incremental savings coupled with audio. i don't have distinctive research at this point. >> i hope we stay in effect with possibilities. what is the amount of regulation and the possibility for liability. that's it to think small businessman tony to keep them from going into this. i used to do the accounting primarily for fire when k. and do fairness testing. packets into other top executives are getting paid more in saving more versus the other people. do you have anything hessians for ways the regulation could be made simpler perhaps for small business? mr. moslander come you are dating to that. >> sure they regulation is the typical name, especially when fiduciary response ability. one of them are created and unintended positive consequences can put it elsewhere. it might be the portability possibilities difficult today to change jobs, but the fi
advocated were, let's see, mitt romney's tax reform plan. mitt romney's education reform plan, and unworkable cuts as usual to medicare and medicaid. not surprisingly, cantor was not willing to get specific about any legislation to make these ideas a reality. >> we do intend to follow up with some policy proposals in legislation working with our committees to move forward on many, many of these issues. >> it's always the follow-up, isn't it? but there was one thing cantor said today that really caught my attention. here it is. >> our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. >> there is a lot there, isn't there? cantor sound like he is fresh off another frank luntz seminar. i couldn't believe my ears when i heard those word come out of cantor's mouth. so let me make sure i got this whole thing correct. "our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in the family, and accountability in government." hmm, i could
and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ snoop i get a little time off next week. martha: yes do you. bill: let's settle this right now are you going the ravens. martha: i'm going the ravens. bill: why are you doing that. martha: i did a little more research and i thought i'm going to root for the ravens. bill: she you. bye-bye. jon: we begin with this fox news alert, one person has been killed in a terrorist attack at the u.s. embassy in turkey. a homicide bomber setting off the blast in front of that facility today killing a turkish guard. several injuries also reported in the explosion. the u.s. state department says it is working with turkish police to investigate the attack. it is also warning american citizens in turkey to avoid high-risk areas and to remain alert. the story still developing right now. much course we will continue to keep an eye on it, bring you the latest coming up in a live report. and right now, brand-new stories, and breaking news. jenna: the hos
, there's a surplus in the budget and it's due in part to higher business sales and state taxes and agencies that under spent their budgets during the fiscal year. and mayor gray says the money will stay in the bank and other says to spend it on social services. how come nobody is talking about tax refunds? >> well, people could argue next month or next year anything can happen to strain the city, and so the mayor is getting kudos for this. and it's just like congress, when we had the surplus under bill clinton, republicans couldn't wait to cut the taxes and send the money back home and the democrats said there's lots of unfinished business and we should continue on that, and we know how it went there, and i'm not take sides, but we know how it went there. >> we know how wall street likes sir pluses. >> yeah, and i agree with dave. he is being cool here, because we don't know what the next four years is going to be like in the city. already they tried to hire more police officers. a lot of money going into -- we talked about this last week, when we close the schools you will nee
are a tax advisory firm. financial advisory services. in our business, since our product -- we are a product company, our business is people with knowledge, ideas, innovation, helping clients solve their most challenging management and technology problems from a round the world. we have people who have deep expertise that we need to deploy in a quick manner. timing and speed is everything. within our brought workforce, our large u.s. work force, we complement our u.s. work force with farm workers, and mobility is important. we hire people from college campuses on these is. we use immigrant visas as well and green cards. also people wanting to become citizens. we also use -- we look at people who have expertise in specialized knowledge that we need to bring into the united states. we leverage other non-immigrants as well, but it is a matter of leverage in those to insure our clients receive the most timely , modern, and technology and process, so they can innovate as best they can. we know the statistics about 20% of companies in the u.s. had emigrant founders. 40% of the fortune 500 were fou
considering dropping the national ban during a three day meeting that began yesterday. on saturday, taxes and governor rick perry, an eagle scout, told reporters that he thought the band should stay. one sunday, president obama said on cbs that boys scouts should drop the ban, a decision is expected tomorrow. >> police are still searching for two suspects who they say brutally attacked an elderly woman born at home invasion in san jose. you are looking at a sketch of one of the suspects. they say it all started last friday night when a 75 year-old woman noticed that two men were outside tried to break into her daughter's car. the woman opened a home window and tried to scare the men away. that is when she was punched repeatedly in the face and kicked in her ribs. she suffered a fractured nose, two black eyes, and other injuries. >> later this morning we will hear from the san francisco forty-niners and their head coach jim harbaugh. the team came back home to the bay area yesterday afternoon. the niners will be giving interviews about the super bowl after their meeting at 9:00 a.m.. coach
they were willing to pay you. that's a big part of it. parfait we all know about the tax that's gone up significantly to the taipei and, she pays it, i pay on her behalf, she pays it. right now 20 million coming up to 25% of the burden goes up to subsidizing health care. 10% going to 15% of the tax burden goes to finance medicaid. the point is that when you add all this money and it is a flood of money. why does it matter? the reason it matters is our health care system is so inefficient that the average person not only could afford their health care bill would save an enormous amount of we transferred this back to the expanded customer. we are not going to do it, but enormously changes your perspective on what is happening. now a lot of you may be thinking that well, what about those that can't afford it? what about those that don't have a job? we spent around $850 million on subsidizing medicare and medicaid. it's what we spent last year and we will spend this year. you could give 100 million americans, $8,500 in year with that money. the family of four that is $30,000, give it to the
. to succeed, republicans must remain united under one demand: cuts with no taxes, or we'll let the sequester go into effect. the morning after they should sit down with obama for negotiations on real tax reform as recommended by the president's own simpson-bowles commission. broaden the base, lower the rates." and it was one of the things that secretary panetta was talking about, richard, the impact, he said if this goes into effect, it won't be short term, and the ramifications would be deep, steep and devastating. is that a fair assessment, that it would be very hard to turn this around quickly? >> if you have to do all the sequester in a hurry, then yes, it's a real problem because it doesn't let the pentagon begin to plan and distribute, if you will, the cuts. but at the end of the day, whether it's defense spending, education spending, health spending, what always matters more than how much you spend is how you spend it. and so i'm not, at the end of the day, all that worried about how much we spend, whether it's on defense or anything else. you just want to have the time to make some i
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: authorities in alabama trying to bring a 5-year-old boy safely back to his family as a tense standoff between police and a hostage taker enters a fourthay. >>> and extreme weather across the entire nation from tornado to blizzards, some parts of the country getting hit with merely 2 feet of snow. we have the latest from the fox weather center gloomplet and nasa today honoring the fallen astronauts from three missions with a day of remembrance. a look at the next step in america's space program. jenna: plus a warning for americans after a deadly terrorist attack on the u.s. embassy in turkey. welcome to a brand new hour of "happening now," i'm jenna lee. jon: and i'm jon scott. a powerful bomb blast ripping a whole in the embassy with the u.s. ambassador inside. we have learned the ambassador is safe. two people are dead, including the bomber. the turkish government blames an illegal group o
Search Results 0 to 49 of about 84 (some duplicates have been removed)